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In my opinion this isn't really the problem.
While one sector might be slightly affected, this is something many more benefit from. For the sake of argument, imagine that Santa was real and gave kids free toys, magically produced, during Christmas time, destroying this industry. Sure thing, that'd be a pity and would generate some unemployment. However, overall we'd be better off: people would be freed from the costs of buying toys for kids and would have their resources available for other industries and endeavors... Don't get me wrong: if this happened overnight, it'd be catastrophic for many people, but still, on the long run, we'd be better off. A real problem, though, is that we're still wearing a lot of low quality clothing.
We, as a society, would really benefit from a shift to buying higher-quality clothing that would stay good and last for longer. |